After more than four decades, Steve Wozniak, Apple’s co-founder introduced the launch of its new company named as “Efforce.” It focuses on using cryptocurrency and blockchain technology to make it affordable and much simpler for companies to finance environmentally sound projects. A lesser-known fact to most people would be, in 1976, Apple was co-founded in Steve Job’s garage along with Wozniak.
Efforce’s other objective is also to “democratize” the USD 250 billion markets for energy-efficiency projects. “Efforce is created to be the first decentralized platform that allows everyone to participate and benefit financially from worldwide energy efficiency projects and create meaningful environmental change” stated Wozniak.
“WOZX”, a cryptocurrency token, titled in the honour of Wozniak, was created by the company. On December 3 on HBTC, a marketplace for decentralized currencies, the public trading of WOZX had started.
Energy-efficiency projects that energy service companies listed on its platform can be bought by the utilisation of WOZX. Efforce can track the energy savings that are achieved by those energy projects and they are returned to investors in the structure of an energy credit that can be operated or sold, as reported by CNBC.
“Efforce allows business owners to safely register their energy upgrade project on the web and secure funding from all types of investors around the world. The companies will then have more available cash to use for other critical projects such as infrastructure or hiring”, mentioned by Efforce’s co-founder and project lead, Jacopo Visetti.